fyi+fwiw....as a former bookie, the more bets one made, the more I liked it.


....remember to tack on 10% for all losses....attrition is applicable

(10-05-2013 09:10 AM)warcat Wrote:  

(10-05-2013 08:56 AM)ECU-DMB Fanatic Wrote:  

(10-05-2013 08:32 AM)warcat Wrote:  Using the "who wants to be a millionaire" model of pretty much doubling down every correct answer... I've set myself up to "become a millionaire" by consecutively hitting a bet every week and doubling down the following week. This is the first time I've actually tried to put my plan into motion, but starting at a modest bet (say $30-$50), I can hit the max bet limit within the college season... And probably win on the order of $50k throughout the season if I hit each week.
I'm only on week 2 of this system, but I did win my week 1 game, and I'm doubling down this week. I'll keep doubling down on only 1 game each week. so technically, if at any time I lose (hopefully never), I really only have the original bet invested. And focusing on only 1 game gives me a pretty legit shot at hitting it.

I hate to tell you but this approach will not work in the long run...You will hit a cold streak and the next thing you know you will have bet huge bucks to try and break even or win just a little money. This is one of the oldest gambling "systems" out there and it has been proven to not be a sound approach long term. Just do the math, lets say you hit a cold streak of missing 4 or 5 straight weeks...Look how much money you would have to bet on the 6th week just to win $30 or $50 dollars. If you truly want to try and make money in this racket there are better approaches out there. I guess if you plan on stopping when you lose you small initial investment it will be no big deal but do not get in the trap of trying to chase your money using this approach...If so it will have an ugly ending.

Ha! Yeah, this is just for fun to keep things interesting during the season. I know I will most likely lose a game and lose my initial investment, and stop.

My money making system (currently testing it on fake money) is to actually start with $500, and putting $100 down on 5 games i like each week. I'm 3 weeks in on this system and I'm currently at just under $2k. So far I've been 3-2, 3-2, and 4-1 in my first 3 weeks. I chose an odd number of bets so that there is always the potential of winning each week.

posting picks would validate the record.....otherwise....wtfe

edit: nice math....holy shite that isn't even close 80+80+290+500=not fkn close to "just under"....now it does come close to fromunda

Bet 1: Bet $1 with a chance to win $0.90 and lose
Result: Down $1
Bet 2: $1.23 with a chance to win $1.01 and lose
Result: Down $2.23
Bet 3: Bet $2.49 with a chance to win $2.24 and win
Result: Up $0.0

I don't like to bet so little money to just wind up with so little. I'd rather take my chances with Scratch Offs. At least you might win more than you bet. But it's all a fun game to me. I'll buy a 2 dollar Scratch Off and if I win 5 bucks I'll buy two 2 dollar and 1 one dollar and keep doing it until I win big or lose it all. It's a lot of fun for me.